Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0255%/8h= +28.0% APRpaid last 24h +0.026%

Price spread now: Paradex against tradeXYZ+0.150%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Paradex is 0.150% dearer against tradeXYZ than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:PLATINUM	1,785.1	0.0050	pay 0.0006% / 1h	30m 30s	$3.6M	$1.1M	20x
Short	Paradex XPT-USD-PERP	1,787.8	0.0305	get 0.0305% / 8h	30m 30s	$3K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against tradeXYZ. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee tradeXYZbpFee ParadexbpOrdersPrice spread, now +0.150%Rate

Funding earned: $53.64
Price spread: +0.150% → 0.000%: $15.02
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Paradex: 2 bp × 2 orders: −$4
Net: $46.66
Costs to cover: 0.220%
Break-even: 0.9 days

Slippage unknown: tradeXYZ: live order book, 8 min ago; Paradex: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy tradeXYZ live order book, 8 min ago	1.96 bp	14.3 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XPT on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX XPT-USDT	0.0000%	4h	1,788.5	+0.191%	$11K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,786.3	+0.066%	$229	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,784.4	−0.039%	—	$50	25x	as long as short
tradeXYZ xyz:PLATINUMlong	+0.0050%	1h	1,785.1	long leg	$3.6M	$1.1M	20x
Pacifica PLATINUM	+0.0100%	1h	1,785.4	+0.019%	$13K	$32K	10x	as long as short
KuCoin XPTUSDTM	+0.0100%	4h	1,787.7	+0.146%	$239K	$40K	75x	as long as short
Injective XPT/USDC PERP	+0.0220%	1h	1,803.6	+1.037%	$6K	$34K	52x	as long as short
Lighter XPT	+0.0304%	1h	1,788.3	+0.179%	$356K	$24K	20x	as long as short
Paradex XPT-USD-PERPshort	+0.0305%	8h	1,787.8	+0.150%	$3K	—	5x
Aevo PLATINUM-PERP	+0.0424%	1h	1,788.7	+0.204%	$304	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0556%	4h	1,784.6	−0.029%	$15K	$10K	20x	as long as short
Variational Omni XPT	+0.0586%	4h	1,788.6	+0.198%	$237K	$200K	—	as long as short
BloFin XPT-USDT	+0.0604%	4h	1,789	+0.220%	$97K	$70K	100x	as long as short
Binance XPTUSDT	+0.0616%	4h	1,786.6	+0.084%	$4.7M	$5.0M	100x	as long as short
MEXC XPT_USDT	+0.0624%	4h	1,786.7	+0.091%	$23.3M	$651K	100x	as long as short
Gate XPT_USDT	+0.0628%	4h	1,788.8	+0.208%	$700K	$541K	100x	as long as short
edgeX XPTUSDC	+0.0635%	4h	1,787.6	+0.142%	$39K	$282K	10x	as long as short
Extended XPT-USD	+0.0664%	1h	1,785	−0.004%	$154K	$699K	10x	as long as short
Bitget XPTUSDT	+0.0696%	4h	1,786.6	+0.085%	$1.4M	$494K	100x	as long as short
GRVT XPT_USDT_Perp	+0.0840%	4h	1,788.1	+0.167%	$205K	$774K	25x	as long as short
OKX XPT-USDT-SWAP	+0.1092%	8h	1,787.4	+0.129%	$1.0M	$752K	50x	as long as short